fan. 1  Historical a device for winnowing grain. 2  any device or machine used to set up a current of air for ventilating or cooling; specif., any flat surface moved by hand. a folding device made of paper, cloth, etc. which when opened has the shape of a sector of a circle. 3  anything in the shape of a fan (noun), as the tail of a bird.
In addition, interest on home equity debt can also be deductible. Home equity debt essentially includes any other loan that is secured by your main home or second home. A lower borrowing limit of $100,000 for most taxpayers or half that for married taxpayers filing separately applies to home equity debt. What counts as mortgage interest? The portion of your monthly payment that goes to interest clearly counts as deductible mortgage interest for these purposes.
The remaining $1,400 in points would be required to be deducted (amortized) over the life of the loan. Home equity line of credit points: Points paid for a line of credit or equity line, which is secured by the home, are deductible over the period of time that the credit line is in effect.or the first year, Pam will deduct $30 in interest expense in the form of amortized points. She makes this computation by taking the amount of the points ($1,800) divided by the length of the loan (30 years).